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The recent establishment of the BRICS Development Bank to be headquartered in Shanghai and the decision to locate its African Regional Center in South Africa not only raises the level of cooperation between China and South Africa in addressing global challenges, but it is yet another clear indicator of South Africa's growing significance in driving the African Agenda, the minister said.

China, the premier said, is ready to join hands with Germany to chart the course of bilateral cooperation for the medium and long terms.

These efforts will ensure the realization of the "two centenary goals"(doubling the 2010 GDP and per capita income of urban and rural residents and finishing the building of a society of initial prosperity in all respects when the CPC celebrates its centenary and turning China into a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious when the People's Republic of China marks its centenary) and the Chinese dream of the great renewal of the Chinese nation, Xi said.

Tusk, for his part, expressed thanks for Xi's congratulations on his election as the European Council president, saying that he is willing to maintain a fine working relationship with the Chinese president.

He made the remarks while chairing the fifth meeting of the Leading Group for Overall Reform, of which he is the head.